Bokaro: The nomination and remuneration committee of Steel Authourity of India Limited (SAIL) on Monday approved the performance related payment (PRP) for its executives of the year 2018-19. The order, which has been circulated to all the plants and units of SAIL, brought a reason to rejoice to about 9000 executives working in maharatna. Many SAIL officers see it as a Diwali gift by the company.
Bokaro Steel Officer Association (BSOA) an affiliate of Steel Executive Federation of India (SEFI) had threatened to launch a stir against non-payment of PRP, third pay revision and other benefits to executives on Monday. But had postponed it after getting positive assurance from SAIL on Sunday. BSOA members have expressed happiness as one of their demands, PRP, was fulfilled by the SAIL management. It will now get transferred to their bank accounts soon.
BSOA chief, A K Singh said “I extended my ‘half-thanks’ to the SAIL management for issuing orders for the payment of PRP to the 2000 executives of BSL and those officers working in other units. On Tuesday PRP amount will be credited to the accounts of the officers. As only half of our demand gets fulfilled by SAIL, it is half-thanks from our side. We will keep raising our voice until the company implements a third pay revision”.
There will be a meeting of SAIL-SEFI scheduled on November, 13 in which a decision on third pay revision will be taken. “Our main focus for that meeting will be implementation of Pay Revision with effect from 01.01.2017 along with arrears to the executives. We are aware that the SAIL is now eligible for the Pay Revision as because the affordability clause criteria have been fulfilled by SAIL,” added BSOA chief.
The executives and employees are keeping their eyes on the BSOA and unions for the early settlement of the pay revision. The National Joint Committee of Steel (NJCS) meeting held on Monday was not so fruitful because of the pay implementation date. Singh said “our officers and employees are working hard for the betterment of the organisation. Their legitimate right must be fulfilled without further delay”.
SAIL management should keep an employee-friendly attitude and must show a good gesture by fulfilling their demands. “If pay revision is done in time, employees will feel motivated and give their best to the company,” added BSOA chief. However the BSOA council has decided to review the outcome of the SAIL-SEFI meeting organised on the coming Friday to decide their further course of action.
BSOA last Saturday had announced a series of demonstrations for their five point demands from Monday. The demand includes – implementation of third pay revision with effect from January, 1, 2017. Payment of PRP for the financial year 2019-20 and balance payment for the 2018-19. Pay fixation of junior officer (JO) 2008-10 Batch. Not disinvestment of steel PSUs and units. And, Ex-gratia and employment to the dependents of deceased employees (COVID – 19 cases).
BSOA members are, then, so anguished that they had decided to switch-off light in their houses for 15 minutes on Diwali evening staging protest against management and announced to demonstrate taking out candle march, wearing black badges-black masks and “Walk for Support”.